OCN - Ocwen Financial Corporation (OCN) Q1 2024 Earnings Call Transcript

2024-05-02 15:25:25 ET

Ocwen Financial Corporation (OCN)

Q1 2024 Earnings Conference Call

May 02, 2024 08:30 AM ET

Company Participants

Dico Akseraylian - SVP, Corporate Communications

Glen Messina - Chair and CEO

Sean O'Neil - CFO

Conference Call Participants

Bose George - KBW

Matthew Howlett - B. Riley

Eric Hagen - BTIG

Presentation

Dico Akseraylian

Good morning, and thank you for joining us for Ocwen's First Quarter 2024 Earnings Call. Please note that our earnings release and slide presentation are available on our website. Speaking on the call will be Ocwen's Chair and Chief Executive Officer, Glen Messina and Chief Financial Officer, Sean O'Neil. As a reminder, the presentation and our comments today may contain forward-looking statements made pursuant to the Safe Harbor provisions of the Federal Securities Laws.

These statements may be identified by reference to a future period or use of forward-looking terminology and address matters that are uncertain. You should bear this uncertainty in mind and should not place undue reliance on such statements. Forward-looking statements speak only as of the date they are made and involve assumptions, risks, and uncertainties, including those described in our SEC filings.

In the past, actual results have differed materially from those suggested by forward-looking statements, and this may happen again. In addition, the presentation or comments contain references to non-GAAP financial measures, such as adjusted pretax income. We believe these Non-GAAP financial measures provide a useful supplement to discussions and analysis of our financial condition, because they are measures that management uses to assess the performance of our operations and allocate resources.

Non-GAAP financial measures should be viewed in addition to and not as an alternative for the company's reported GAAP results. A reconciliation of these non-GAAP measures to their most directly comparable GAAP measures and management's view on why these measures may be useful to investors may be found in the press release and the Appendix to the investor presentation....

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